Manhasset, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Manhasset Neighborhoods Since 2000




Manhasset, NY Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Manhasset Housing Market Information

With 8,172 people, 2,676 houses or apartments, and a median cost of homes of $965,220, Manhasset house prices are not only among the most expensive in New York, Manhasset real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Manhasset, accounting for 76.61% of the town's housing units. Other types of housing that are prevalent in Manhasset include large apartment complexes or high rise apartments ( 15.43%), row houses and other attached homes ( 4.15%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.40%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Manhasset. Owner-occupied housing accounts for 71.34% of Manhasset's homes, and 65.23% have either three or four bedrooms, which is average sized relative to America.

The housing in Manhasset was primarily built before 1939 ( 49.80%), making the housing stock in Manhasset some of the oldest overall in America, although there is a range of ages of homes in Manhasset. The next most important housing age is between 1940-1969 ( 27.02%), followed by between 1970-1999 ( 20.70%). There's also some housing in Manhasset built between 2000 and later ( 2.48%).

Manhasset Home Appreciation Rates

In the last 10 years, Manhasset has experienced some of the highest home appreciation rates of any community in the nation. Manhasset real estate appreciated 19.53% over the last ten years, which is an average annual home appreciation rate of 1.80%, putting Manhasset in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Manhasset definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Manhasset appreciation rates have trailed the rest of the nation. In the last twelve months, Manhasset's appreciation rate has been 3.62%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Manhasset were at 1.04%, which equates to an annual appreciation rate of 4.21%.

Relative to New York, our data show that Manhasset's latest annual appreciation rate is higher than 60% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$965,220

Manhasset, NY HOME PRICES

Value Range
> $1,197,000 33.0
$899,001 - $1,197,000 41.8
$599,001 - $899,000 14.2
$479,001 - $599,000 6.2
$359,001 - $479,000 2.0
$240,001 - $359,000 0.3
$120,001 - $240,000 1.6
$60,001 - $120,000 0.2
$0 - $60,000 0.9

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
1.21786989870601 3.67074527252503

Number Of Homes And Apartments:
2,676

Manhasset Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
106.90% 4.24% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,709 / per month

Homeownership Rate

Homeownership
Owners 71.34
Renters 28.66
Vacant 9.04

Housing Market Details

 

Age of Homes

AGE OF Manhasset HOMES
2000 or Newer 2.5
1970 - 1999 20.7
1940 - 1969 27.0
1939 or Older 49.8

Types of Homes

TYPE OF Manhasset HOMES
Single-Family 76.6
Townhomes 4.1
Small Apt. Buildings 3.4
Apt. Complexes 15.4
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Manhasset HOMES
No Bedroom 1.22
1 Bedroom 11.73
2 Bedrooms 12.98
3 Bedrooms 40.55
4 Bedrooms 24.68
5 or more bedrooms 8.84

Popular Neighborhoods in Manhasset

Zip Codes in Manhasset, NY